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, these are noises that you made to sound conciliatory after an election, and we think back to 2009. the republicans sounded very conciliatory in the days after president obama's reelection when he was holding a high approval rating, but by april or may of his first year that that had melted away. so right now is happy talk from the republicans. we will see whether that materializes into votes. lou: such happy talk, why aren't there more smiling faces in the republican party? >> pretty unhappy talk from what i can tell, and to this point pretty frivolous. you see members of the united states senate demand is not even their negotiations, but taking a timeout to beat up on grover norquist to is some on elected activists type who was not a player in this and does not have a seat at the negotiating table, was not elected. what does he have to do with any of this? is seems to me this is the opportunity for the republicans in the house, but also to some extent in the senate to explain what they want to know what kind of entitlement cuts that will demand. instead they're beating a boy norquist. lou: we als
or -- >> absolutely not. they're stonewalling at every turn. they ran out the clock before the election. the president says now that the election is over, we'll cooperate. the most basic information about what happened on the night of the attack, and what survivors had to say after the attack is not being provided, and we'll talk more about that tomorrow. but long story short is i know very little from this administration about what happened in benghazi. what i'm finding out on my money makes me very upset. >> greta: is ambassador rice trying to test the waters if she's nominated? >> i have no idea, but i'll be glad to talk to her. again, it's not just about her. why did the president seven days after she spoke write this off as a video-inspired event when it's pretty clear to everybody early on this is a terrorist attack, in a coordinated way. there was no mob that turned into a riot. the riot that i've seen doesn't include heavy weapons and mortar trucks. >> greta: do i take it you're going to ask her direct questions? >> i'm going to ask her straight, direct questions because it's my job. president
through the election. and they're handing out flyers all over the heartland of the country, obama is not going to take your guns, they're trying to fog the election and get through the election, but if they do, it's katie bar the door. stuart: yes indeedy, look at black friday. next hour we'll talk to the gun store owner who took out the ad in the paper. if you voted for barack obama, your business is not welcome. it's been great for his business. he's on the show the top of the hour coming up. perhaps all research in motion needed was "varney & company" to put it on death watch. since we did so, the stock is up 5 #% in one month. 70% up in three months, a lot of positive buzz surrounding the blackberry 10 due the end of january and the stock has gone straight up despite our death watch. maybe we should put microsoft, a stock that i own, on death watch. take a look at the video please, two armed robbers made off with nearly $100,000 in black friday cash. the two men hid in a target store in new jersey, after it closed, they entered the cash room, that's where cops say the men tied
they put her up front? after results of this elect, and polling data, we all know that republicans cannot afford to attack women, especially black women, so why not, they get away with it. lou: do ark agree? you agree? >> this reminds me for one of my favorite movie, the guide to the mary man, if you get caught, deny, deny, terry thomas, he is in a segment his wife comes in catches him with a woman in bed, and she said, what are you doing with this woman, he said what woman, the wife said that woman, he said i don see don't see a e said that woman, he said there is no woman this this room, the woman gets up and leaves, and she says that woman, he said there is no woman in the room, this is it, they don't know what to do in this obama administration knows what to do when it comes to credit for a ceasefire, hillary clinton jets in this deal looks like it was baked and done, and she takes at least a pro portional credit. >> she comes out a big winner, whether it was baked, cooked or not, she leaves office of sear secretary of state with a great she looks terrific. >> people have forget know
of elections,ue soe thought we would get right to io and just show h you a fewou a fs consequences of yesterday's vote tallies and the cost thereof. cost, by the way, to you, me, and our fellow citizens.izens. the way, anybody who is under the illusion that this just affect those are making over a million dollars a year, please understand, we are going to introduce rality. grab hold of your chair if you have one nearby. we will talk about the consequence and the cost very quickly. twenty new obamacare taxes kick in, and in that 8389% investment income tax right in behind. and this means that, well, everybody is going to see just under percent added to their capital gains, even the sale of your house, folks. wait a minute. on middle-class. i just want to be in the middle class. they tell me that wouldn't happen. it's going to happen. on every transaction over a quarter million dollars. $86 billion in medicaid payroll tax kicking in. 65 billion individual employer mandated tax, another 20 billion in medical device tax, and the bush tax cuts are going to go away the first of the year. hang on. tha
is ticking. it's been three weeks since the election and congress really no closer to a deal on the fiscal cliff, unless they're not telling us something. that's a possibility. now both sides appear to be focusing on what they want to rule out rather than what they're willing to compromise on. we're live on capitol hill with the very latest. david: also, we held a small business summit right here on "after the bell," and it looks like the president was watching. he has invited small business owners to discuss what they want to see from congress. we'll be talking behind the closed doors with one of those who was behind the closed doors, the ceo of bottom line growth strategy, she was at the meeting. liz: david, are you feeling lucky? david: yes. liz: the powerball jackpot at a massive $500 million, but before you run out to buy your ticket, we're going to tell you what the real payouts are. i know that won't stop you, nonetheless, you'll still get a bunch of coin. is and where the money actually goes -- and where the money actually goes. ♪ [ male announcer ] this is steve. he loves risk.
and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done in the next two weeks? >> anything we look at we won't completely reform the tax code or completely make all the changes in the entitlement programs in the next seven weeks. over this last 2 1/2 years, we all know where the issues are. can we make enough of a down payment to assure the markets and put a real process in place that will allow us to work through this? >> reporter: chambliss says he and other republicans still oppose hiking tax rates on the wealthy, a move they contend kills jobs. instead, republicans propose limiting tax deductions for high earners. eliminating the mortgage deduction for second ho
in the last election in terms of fixing the programs. >> having said that, a lot of people say i paid into social security and i deserve that. i don't see how medicaid can hold out. i think that's going to collapse a lot sooner than any economist we be forecast. >> there's a good reason why i agree with you. that may be the fastest entitlement program. here is the reason why. not because it's bankrupting washington, because they have been for 15 years. the reason is because it's bankrupting the state. states pay about 40% of the cost and every governor that i talk to, they say that we can't afford this anymore. it is becoming the top of our budget. i agree with you. that could be the program that we fix first. charles: predent obama is in and more people want out. tens of thousands of people are signing petition to secede from the union. we have ron paul on the phone right now. it sounds like you have gotten behind this. you are the biggest name attached to this so far. why do you think this is a good idea? >> well, i haven't taken the positionthat this is a good idea, but the princip
. and then the election, they still didn't want to do anything. resolving the fiscal cliff will not make them feel any better because the resolution will be higher taxes. >> absolutely. and that is where businesses throw out, chamber of commerce, is ask why they are not doing something, it is uncertainty. they ar paid to manage in uncertainty. there's just a lot of nonsense. the economy is not moving along very well. the discussions will not resolve the fundamental problem from exploding entitlements and mammoth increase in spending imposed on america and now want americans to validate, that is why they are not investing. melissa: it is so true. a timed everybody blamed the weather. unseasonably cold or hot. this all makes me pretty depressed and makes me feel like the economy will not get better anytime soon. >> by reelecting barack obama, he will not create jobs for them. we have seen for years worth of his tricks, and what have you dy talk about doing besides raising taxes. more jobs creation programs. it seems like stimulus. why would $1 trillion of stimulus not work? it does not make any sense to
promised the people of egypt when you were elected president. >> reporter: now the egyptian president is putting himself above zwrui additional oversight they stressed the move was only temporary designed to hold people accountable in the previous regime but nevertheless democrats are nervous. one leading senator was asked what message should obama give the egyptian leader. >> he has to express those concerns and say obviously we wanted this change to be not just democratic but also be supportive of stability and also minorities and human rights in egypt. >> reporter: with the danger of instability the egyptian stock market was down more than 9%. >> heather: thank you very much. >> gregg: new york con man peter king announced he will be stepping down from the committee. he is obligated to step down because of term limits self-imposed by the republican party as chairman he helped ensure that new york received crucial federal funding to help combat terrorism. his replacement is not yet announced. he will devote to his new time as the homeland's panel of counterterrorism subcommittee. >>
by ambassador rice and president obama three weeks before an election. >> shepard: rice said while we wish we had had perfect information, just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the administration updated congress and the american people as our assessments evolved. democrats call it all pure politics. they won the election, but the opposition still fighting. so now showdown between the white house and house republicans over the president's choices for his cabinet. catherine herridge live in the dc news room. it sounded like they were ready to dial this back. but they've dialed it up instead. >> they have. within the last hour, this from the three senators disputing white house claims that statements about benghazi are a closed matter, that there are no unanswered questions. the senators saying this morning the acting c.i.a. director morell told them the al-qaeda references were dropped in the c.i.a. talking poin
and fracking and what he says on over regulation and the dollar a year salary. now that the election is overer, will the keystone pipeline timely win approval? transcanada recently submitted a new plan to the government, and i spoke with the ceo of transcanada all about that plan as well as his expectations of the billions spent so far will be worth it, and that the pipeline will prevail. plus, wall street got the blues. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the naral gas area. we got a game changer here. we got a fu
right now is the g.o.p., and they are. neil: why are they doing this? i know a close election, but, it is not as if they were just wiped off the face of the earth? what are they doing? >> i think there are a couple things here, dan and i were talking, if they go ahead, and go along with this, then they are setting a tone and putting themselves at risk for midterm elections, they can't afford to lose at this pointolitically. but i think they know, that if theyment long-term tax solutions, a simplification of the tax code if that i want to talk about entitlement reform they have to concede a bit. i think one thing that could help both sides if we had a well the more transparency in this conversation so it is not just republicans that are strong armed here. neil: you know, dan, you are closer to this than i will be, but i have to say between this concession of republicans to entertain what cou be more substantial revenue hikes, so say nothing now of embracing the idea of suzanne rice -- susan rice hearing on the benghazi thing on capitol hill, now all of a sudden, she is not a fool, t
of this election, that won't get extended beyond june 38 because there is no election next year. gerri: college tax credit, any change? >> well, the american opportunity tax credit will expire at the end of 2012 if it is not extended we refer to the hope scholarship tax credit which means from $2,500 a year to 1800, maybe $1,900 a year and only two years to four. gerri: thank you for coming on. an absolute pleasure to have you. this is something that no one thought about what the fiscal cliff. so worried about other stuff, taxes, defense dollars. >> thank you for having me. gerri: a warning for online investors. they may have a cute baby spokesperson, but e-trade and others like it may be charging you didn't these. the results of an important new study next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. ce to the winteevent and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month atour local merc
on israeli security? >> i think it absolutely should. what we saw even before the election here in the united states is that netanyahu has said time and again even in the face of critics that there has been no stronger ally to israel than the united states. the criticism kept comincoming, though. after this incident, i really do think the critics will be quieted. there's a lot of talk about how successful the iron dome program wus was. it deflected over 80% of the rockets that were fired into israel. president obama has committed more funding to iron dome. and i think that it really does cement the fact that this president and this administration has been a tremendous friend and ally to israel and that is not going to change. >> looking to the future, amy, with egypt's mohamed morsi stepping in to broker the peace, does it show that the region no longer needs the u.s. to take the lead role? certainly secretary of state hillary clinton was there, but maybe not a lead role anymore in this type of negotiation. >> no, and in fact, the united states was very crucial to president morsi negotiating
. remember how quickly he threw away his 70% approval rating from the 2008 election, when he went with the spend, spend, spend approach. he's now walking in with a 50-plus percent approval rating and going for tax and spends, tax and spend. i think he'll find his approval, begin to continue its way down from where it was when he first ran. and secondly, the republicans won the house of representatives, and they won it after redistricting, which means they're all running in the same districts for ten years, so, that republican majority is here for a long time and it's fairly comfortable, they're not going to be pushed back or bullied around. the president's gone in four years, the republican house is there for ten, and they all won, having voted for and debated and discussed and explained, the ryan plan, which is entitlement reform and tax reform. it is a tougher house than we've ever had capable. >> grover, i'm looking at your picture in the new york times of all places, your picture is in the new york times yesterday, saying-- i can't hold it up because, it's there. okay? there h
they opened election day, shannon. >> thank you, anna. >> and this will probably be the last thanksgiving with large numbers of american combat troops in afghanistan. about 66,000 service members are still there and they celebrated thanksgiving with some of the holiday trappings of home. most americans troops are supposed to be out of the country by the end of 2014. the salvation army in canada says it's been overwhelmed by offers of help, following the theft of 2 million dollars for toys and donations and it's believed as many as 100,000 items are for the organizations to run a warehouse over a two year period. and a local toy company is donating $100,000 worth of toys and the salvation army in ottawa have been fired. of course donations like those here in america are like those tax deductible and with the u.s. approaching a fiscal cliff, there are rumblings of big changes and some could impact charity. the and here is the national correspondent tim angle. >> thanksgiving, a time to relish one's blessings and help the less fortunate. >> in the scramble to avoid the fiscal cliff, both the
. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into the -- 6. >> anybody want to top that now? >>> on cbs "this morning." >>> the rolling stones marked their 50th anniversary with a concert in london and head to the united states next month. ♪ hey, you, get out of my path ♪ you know when i'm going, out of my path ♪ captioning funded by cbs >>> welcome to cbs increases and automatic spending cuts that would start in january. >>> this morning there are ne
governments of unfunded liabilities just to the public employees. melissa: we just had an election. people do not believe that. lou: i do not understand. the election was not about unfunded liabilities. melissa: fundamentally about the size of government and people voted bigger. lou: i must have missed that. the republican party has grown government and assume advisers to government -- governor romney were the same as president bush. melissa: is seen as the boat to four obama was bigger government. lou: and the vote for mitt romney? i am saying the intellectual integrity of the moment acknowledging it is the size of government if we can't sustain them and the social safety net programs in perpetuity when we're trillions of dollars in debt and for doing so. melissa: how do drive that message home? nobody is getting it. >> a lot of people are. but they're not being honest. there in the democratic party and if they continue to refuse what is reality, and then a cliff is a small thing and embedded for decades. it is not a pleasant experience. melissa: i am not excited. [laughter] i hear you. meli
in the u.s. markets after the election on november 6th. we're back to -- >> we have a crack data team, don't we? we ask, they perform. thank you very much. >>> from california to florida, walmart workers have been staging protests at various locations across the country. but, is that keeping shoppers away? we'll go live to a walmart store in maryland for the latest action on that. >>> plus, we'll tell you six ways to find the best deals out there. all it takes is your fingers and a mobile device. >>> up next -- fiscal cliff getting closer and closer every single day. one member of our panel says there is no way the lawmakers will hash out a deal by the end of the year. what does that mean for stocks? stick around to find out. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no mat
of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt f
that he just won an election which he did. he also can nominate those that he thinks is best. it's also the job of the united states senate, according to the constitution, for advice and consent. and that's our role and i take that very seriously. >> bill: all right. on tax and funding, are we going to work this out here and what's the time line? >> well, they are not meeting this week which is interesting, so there doesn't seem to be as much a sense of sur urgency as the markets indicate. depends on both sides and what they view as a lesson of the election. the republicans maintain their majority in the house. the president won a victory. i think there is every responsibility that we could kick the can down the road for six months or so by just saying put everything on hold. also, if you are willing to going to solve this problem and address it you have got to go after entitlements everybody knows that's the third rail. that's why that part has to be bipartisan the way it was with at this point o'neil and ronald reagan. >> you think congress may pass a short-term extension of what see
to the west bank for 9:00 a.m. meetg with president mahmoud a boss. the elected political party in the gaza -- a power broker. they still considered a terrorist organization. clinton then departs from cairo to meet with egyptian president allegedly trying to broker a deal between israel and hamas, more than likely loong to preserve billions of dollars in s. aid is nation. president obama has requested more than one half million in congress. tonight we will examine the parameters of any so-called israeli gaza peace deal ad the real posibility that such a deal has in essence been stuck as -- struck already. been kept officially on hold until the obama administration could take some of the credit. some of the brightest minds in thebusiness. john bolton, fox middle east affairs analyst. in other major developments tonight, the world's most important banker doing ell street investors no favors real acquainting them instead with the scary parts of the fiscal cliff story. the federal reserve chairman spooking investors saying that the bank would not have infinite ability to address the fallout fr
as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to. he spent over -- how many millions did he spend? >> for investors that want to catch the next one, it's a shot in the dark to know who will be -- we're kind of running out of time here. >> the clock is ticking. >> go to one where you have grandkids relying on the dividend. anyone out there? >> it's great point. >> generation skip? >> walton grandkids, $800 million a month in dividends. >> how do you spend all that? >> i don't know. >> but brown forman is a fantastically performing -- a real winner. you may know this as jack daniels. very successful -- very successful growth company. as has bean. these are very, very cash flow spewing companies and they're giving it to you. i love it. i really do. >> it's amazing. >> we talked about it so long ago after the election you started to see it pop one after another. walmart setting the tone. >> returning capital to share holders is a theme. adt as well increasing its share repurch
that was dictated by the election results and it's dictated by the election results and the republicans can't be the people who hold back the entire movement of taxes and tax cuts extended for most people and i wish they could keep the highest tax rates slow where they are, because that's where the job creators are, and i think that the republicans will ultimately come to a deal and you know, they have to, otherwise, obama could hold it over their heads and beat them with it and claim that the republicans are the recalcitrant holdovers and i hope they don't do too much. stuart: i haven't heard anything on the other side of the fence, which is entitlement reform and spending cuts and that's ignored on the tax side of things. >> well, it's all politics, stuart. you know, they don't have to move right now. they just want to the let the republicans sit there and stew in their own juices, which is what's going on. the faster the democrats act the less political gain from the pressure under republicans. there's no real incentive for democrats to come out and be accommodative and they won't be unt
. their first sit down since the election november 6. tonight's record-breaking powerball jackpot is now up to $550 million. people lining up across the country for their chance to hit it big. if you think you're going to become an instant millionaire, here's a sobering stat. the odds are one in 175 million. those are your headlines. back to you. lori: thank you. melissa: are you sharing your lottery winnings with me? lori: yesterray i was on the fence, but i've decided i should be generous. melissa: in the summer knight capital was fighting for it survival after aaron's trading wiped out money from the balance sheet. but they find themselves in the middle of a bidding war as high frequency trading outfit tries to outbid their arrival. who has the advantage? which has the advantage. >> we report, you decide. i will lay ouu a couple of things. convincing the board to accept an all cash. from $3 plus. we don't know what the plus is, that could be a big thing. they're looking to do this by telling the board members, who actually like the ceo, tom joyce. he corralled the new investors when they
that the president was notified on the day of the election. clayton is here to guide you through the best black friday deals. >> you are a cool geek. >> black friday and saving hundreds of bucks stay tuned and grab your coffee. ♪ ♪ you better shop around. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. ser
, that in the weeks before the election, the obama administration tried to speed up the process of putting permanent rums in place when it comes to the unmanned drone strikes in case president obama did not win reelection. the new york times reports two officials were saying, so the new president would inherent new standards and procedures and jept and state department argued for more restraint. tragedy in bangladesh, a fire races through a garment factory killing at least 112 workers. many people were trapped at staircases gave way and there were no emergency exits. no word yet on the cause of this fire. this fire is reminiscent of devastating triangle shirt waist factory back in new york city in 1911 in which 146 garment workers were killed. and they started-- dave, what am i doing reading sports? >> go ahead, it's about gender and switching. >> alisyn: yeah. >> dave: and boys could have dolls and toys catalog and you can read a notre dame story. >> alisyn: you have to go with your strong suit. it's not about gender. >> dave: your daughters can play with the legos. >> alisyn: i'm going to do is ph
gained more than 1%. the dow closing above 13,000 for the first time since the election. this week, the focus turns back to the u.s. economy now the fiscal cliff talks are looking more promising and the election is behind us. new reports this week on the housing market, manufacturing sector and consumer data. also the second estimate for third quarter gdp comes out on thursday. the broadest gauge of the health of the economy and economists think that number is going to show better growth than we saw, 2.8% down from 2.2% that they had thought earlier. the fiscal cliff being, you know, something that really helped the stock market last week. >> i would imagine. >> don't screw up. >> please, congress, don't mess this up. let's take a live look this morning at the capitol dome where congress is back to work this week. s fiscal cliff staring them in the face. 35 days, we go right over that cliff or right down that slide or whatever the metaphor is we're using today. politicians on both sides of the aisle are now signaling that they're willing to compromise. that includes republicans who
roosevelts election derailed from the depression. >> gretchen: stewart varney went back to the 30s and fast forward here. >> not just me. first year of fdr's second term was 1937 and it was a terrible year for the economy. dow jones industrial was cut in half . unemployment 15 percent and it was a depression within the big depression of the 1930s. is the parallels between then and now. fdr raised taxings. president obama is going to raise taxes. many of the big themed policies of the first term of fdr were implemented in the second term. same with president obama and think obama care and financial reform . attacking wall street as the villian. president roosevelt did that . wall street was the villians and shades of that exactly. 2013 president obama wall street is the villiage and then the rearrangement of society. fdr tried to do it. and president obama is doing it and run away government spending. parallels are there and hope it doesn't work out like it did then. >> we want all americans back to work. and back in the 30s industrial plummeted 34 percent in the first year of the second ter
will stay on until a new government is sworn in after the elections. national elections in january. ehud barak is israel's most decorated soldier. he also served as prime minister. barak has been moderating influence with the united states and powers. his decision to quit politics comes at a time of uncertainty with israel. he has clashed publicly with the prime minister there benjamin netanyahu how to handle the threat from iran's nuclear program. folks at the macy's thanksgiving day parade spotted something strange. turns out some of the confetti was actually secret police files. coming up, how social security numbers and info on undercover cops and even governor mitt romney's motorcade ended unraining down ended up raining down on the crowds. second time in just days that a bird strike sparked a mid-air emergency. that's coming up as fox reports live tonight. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign the
. our president during the election, he himself embraced the three to one notion and referenced bowles/simpson. i think both sides understand that. i'm not believing that there's that much irresponsibility among leadership in washington. >> let me ask you about entitlements. it's unclear at this point as to whether democrats are seriously willing to put that on the table. if you listen to harry reid, the senate majority leader, it would certainly suggest they're not. the white house itself has said it considers entitlements, social security, and otherwise as a separate issue from the fiscal cliff. house leader eric cantor speaking this morning in washington about that very issue. i want you to listen and we'll talk about it on the other side. >> we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning there's been no serious discussion by the white house on entitlements, on medicare and medicaid. >> is that where
're part of a group called fix the debt which is calling on our elected officials to step up to solve the nation's fiscal challenges. a eamon javers speaking with them on capitol hill. >> i want to build on what bob pisani just said. there is no question markets are hanging on every word coming out of this capitol hill fiscal cliff debate but i'm not sure markets are getsing this right. listen to the speaker boehner sound bite that rallied the market earlier this morning. then on the other side i want to explain what he was actually saying there. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> now the market rallied on boehner saying he was optimistic. we saw a nice little balance in the dow jones after those comments came automatic. but the markets should not necessarily be rallying on everyone of these statements because lot of them are simply boiler plate, place holder kinds of statements that memb
to be in a trading just like when i saa you the last time before the election. i think they will sweat as. i think everybody will get scared. i think you will be an enormously wonderful buying opportunity for stocks that you like if they cause the market to go down a lot. lou: at which time can be still declare it to be christmas? >> one would hope. we have children. lou: thank you for being here. we will see how it plays out. we will hang on and keep our fingers crossed. white house spokesman says the president just is really impressed with the ambassador and does not care about the consequences of misleading the public on what happened there. we are joined in moments. and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folks are kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here next. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] e mercedes-benz winter event is back, no matter which list you're on. [ santa ]
and bipartisan effort now that the election is over. melissa: so you think he's your only go here? >> well, yes, we think that his efforts could make a huge difference. we were awarded this back in march of 2010. president obama awarded this to virginia, and unfortunately after the vp bill in april, our sale was initially postponed. then it was eventually canceled. what we are trying to do is reinstate the sale. melissa: how much oil are we talking about here, what with the estimates? what would it mean for you? >> well, the estimates, which are actually 30 years old, they were done 30 years ago. estimating 3.3 billion barrels of oil and over 31 trillion cubic feet of gas off of virginia. typically, these estimates are overproduce when they are actually developed. we think there is a substantial amount out there, and according to estimates, 31,000 jobs could be created by exploring that area. we think it's good for the economy. it's good for tax revenue. it is something that the president could do. >> i have followed this industry for a long time. these estimates are very conservative, there is
, elected representatives now saying, you know, i'm rethinking whether there should be a no tax pledge. >> true. that's on the senate side. on the house side, revenue was on the table a long time ago, as in last summer of 2011 and said if we reform the tax code, clear junk deductions out that for the upper brackets, there's more revenue and simplifies the system, and at its best, the tax code is designed to be as simple as possible which is a mess right now, and if you clear that out, people going back to making profit. when i was growing up, profit was a six-letter word, but now it's a four-letter word, and if you make a profit, people want to punish you. gerri: if it was simple, people wouldn't know what to do. >> i do, i understand, but that's the way we get taxes in is that people make more profit, then we have more tax revenue. gerri: what about what bowles had to say in i want you to listen to him. >> okay. >> i'm not encouraged or discouragedded. i'm really worried that we have a real probability we could go over the cliff, and that would be catastrophic. gerri: here's somebody
. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might happen. that is finally, as a result, starting to hit home. in october, for example, very few people have the fiscal cliff on the radar screen. now half of them are worried about it. i think it has moved up the list now for the first time for consumers. melissa: to ask why they are not buying more, they will stand so darn right about that fiscal cliff, i will not get an extra toy. >> how they really feel it is the equity market is not doing well in the last month. that is what brings it home for consumers. you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as good as they did a couple of months ago. a lolove that is the equity mar. melissa: the fiscal cliff is probably symbolic that this idea that we have the same people in washington sitting there agreeing about nothing and getting nothing done and whether it is the fiscal cliff specifically for the economy in general, these people are there doing nothing, still they're the ones who hel
the rights of people who elected me and others to have the right to offer amendments and to have unlimited debate on the senate floor. you know, it is interesting when president obama was a senator and republicans were thinking about using this, he said, oh, no, it is terrible, it would destroy the institution and would hurt the country. same thing when senator biden was a senator spoke against it. when harry reid was in the minority he was against it. now they're in the majority. seems like a power play. i think you shouldn't break the rules which is only thing they can do, because they don't have votes to change the rules. you should not break the rules to change the rules. melissa: from here it is so hard for us to tell how close we're getting to a deal or not. we have our own "money" meter which is scale one to money, what is likelihood a deal gets done. what do you think? what is the likelihood? >> i think it is closer to money than to your odds of winning the powerball but we're not done, we're not quite there yet. melissa: what do you think? give it like a four? >> yeah. melissa: yo
up above 13,000 barely on the dow. europe taking stock of spanish elections over the weekend waiting to see if they can agree on the bailout for greece. we start with black friday shopping weekend. numbers look out as we kick off cyber-monday. which retailers crushed it and which ones were crushed? >>> if you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. we'll discuss the potential impact as they meet in brussels right now. >> a big day for analyst upgrades. research in motion, facebook, yahoo! we'll go over those and see why citi needs three analysts to initiate coverage of apple. we'll begin with retail sales picture from this past weekend. 139 million consumers shopped during black friday weekend. that's up from 132 million last year. total spending up to 59.1 billion to 54.4 a year ago. average holiday shopper spending $434 over the weekend. sales on black friday fell 1.8% from the same day a year ago setting the stage for today known as cyber-monday. american shoppers will spe
-off after the elections. we had sandy to deal with also. this has taken our mind off that which is a nice change of pace for the people on the east coast. so the holiday season gives us something to cheer about. the markets have done their part this week. >> how are we setting up for next week given that next week is going to be a full trading session for one but as i mentioned, washington gets back to business hopefully and maybe gets some work done. >> is it back to business? are we going to expect anything out of them? down here it doesn't seem like we are. i don't want to say that we've lost hope but the fiscal cliff, we don't think it will happen, we really don't. i don't expect anything out of washington. i would look more toward overseas and what they're seeing. things are going to keep falling. >> what matters more to the markets, spain or the fiscal cliff? >> the fiscal cliff is so quiet this week. i'm going to say spain. a bigger linchpin short-term going into next week. >> matt, thank you for stopping by. a special black friday treat for you. sears and kmart president one of th
decimated but gop senators say it is proof rice was putting pre-election spin before national security. >> it was unjustified to give the scenario as presented by ambassador rice and president obama three weeks before an election. >> reporter: ambassador rice, what do you say to republicans who say your comments were politically motivated? rice didn't answer our question but admitted her talking points were, quo, incorrect in a key respect. there was no protest or demonstration in benghazi. while we certainly wish that we had had perfect information just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. we stressed that neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the white house had this to say. >> the focus on some might say obsession on comments made on sunday shows seems, to me, and to many, to be misplaced. >> reporter: gop senators also complain rice neglected to ask key questions before telling the public what turned out to be wrong information. >> that's tr
and the shareholders who elect these individuals allow companies to move assets to the highest form? john malone constantly spins off things shuffling paper. looking to not only grow intrinsic value, but allowing it to surface. if you just bought a basket of securities that dr. malone had over the years, you'd have compounded assets at about a 15% the last 20 to 30 years. buffett does something else, buys and holds. irene rosenfeld, i said she's going to buy cadbury, she took it, put it into a package, spun off kraft. mondelez is a fantastic asset. another example, hillshire, sarah lee, we talked about that spinning off. look at the pieces. what are the elements that are worth? hillshire is a company 120 million shares, the stock's around $25, $3 billion market cap, basically the company sells protein for breakfast, jimmy dean sausages, the sausage category, how big is it? >> might be a little fat -- >> lunch meat. joe -- >> well, it's sausage. i want it. i eat it, i want it. i'm telling you it's not all protein. this is good. >> hot dogs, joe. >> just sort of in a trance. it's sort of a relief,
for the himpingts after the election republicans believe taxes should be raised on the wealthy but they should not be for two reasons. you should ask people what the wealthy pay in taxes. most people have no idea that 1% pays 40% of the taxes. do no warm, hippocratic oath. the cbo says if you raise taxes on the rich people you'll underperform the economy by a point. why do it at all, larry? >> do y do it the all all. the white house put out a study saying if we fall off the fiscal cliff consumers will lose 200 billion worth of sales, maybe income, too. why are we doing this, keith boyakin? >> two things. first of all, part of the reason, in response to layer, why 1% of the top earners pay 40% of the taxes is because they control 42% of all the income and wealth in the country so there's a great deal of income inequality in our country. we'll debate that larry. but second question, getting back to what you said, laurie kudlow, the white house report didn't say that raising tax on everyone was a problem. it said that raising taxes on the middle class would cause a $200 billion crimp or reduction
on to foxnews.com. ♪ >> well, the election is over and the white house is putting out new rules for the health care law, one is telling how to reward workers for living a healthier life. so, ben, you know what? let's put aside the worry that this is going to drive up cost? isn't this more of the nancy state nonsense? >> big brother is watching you, big brother is watching you through the obama white house, through the department of health and human services and transmit that to the job and also to your employer. i don't like it. i don't want big brother watching me and telling me how much to eat or when to walk or whether or not to smoke, i like to live my own life, and i'm a grownup. i had my mother telling me what to to eat when i'm a child, i'm done with that, i don't want mr. obama to be my mother. >> and i listen to my mommy and calls me and tells me to eat more veggies i will, but i draw the line there. julian, i think it's part of that social utopia coming out of washington these days, not only ultimately expensive, but takes away from personal liberties. it's one thing to try to pick w
today, ying that elections have consequences, and this one americans voted for this. yoyou can. i don't know they voted on more spending. >> there is some truth to what you say. >> a lot. >> all truth. neil: a little. >> we're in the pregehmannal sis, thi -- we in the pregame analysis, does everyone believe we're getting threw this without any spending cuts, of course, not, here is what is going on happen decemr 31 we take steps to resolve some tax issues, it will have a lot to did with how we approach taxes next year, you will seeesome discussion, on cutting some spending but is that going to be carried over? neil: here is what i'm worried about. my point is -- >> you and i will remember this you were not even born. >> 92 neier was i then. neil: you are right. >> he was responsible. neil: idea was, i will raise taxes if you guise come back with spending cuts, he raised taxes, they did notome back with spending cuts. are republicans risking going down the same politically disastrous road. >> we have to cut a lot. there is so much waste. neil: you know closing loopholes and that. grove
was running for reelection and chrysler was the biggest employer and i got the highest% of election because i suck my principles. the professionals knew that if they got inrouble, they were big enough to make a stink and to go down. neil: but now things have switched. now they have gone from too big to fail. >> up the speech that i gave and i was very unpopular in the mission michigan delegation. i voted against the appropriation. [talking over each other] ronald reagan might get. >> the point was it was a mistake then. not only for chrysler, because we had to bail them out again 25 years later, how can we have financial markets that have been disciplined where mistakes and errors go unpunished? you can. capitalism doesn't work that way. neil: i agree with you. you bertie concerned me. we had no choice because there was a financial abyss waiting. but if we can stabilize, the whole world would have collapsed. i've been spending the last 2.5 years writing a bo on this very topic that will be coming out next winter. take aig. they had written proper rules, they wouldn't have had these problems.
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